The Pakistan Credit Rating Agency Limited
28-Jan-26
Analyst
Madiha Sohail
madiha.sohail@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-25
- Methodology | Rating Modifiers | Apr-25
- Methodology | Non-Banking Finance Companies Rating | Jun-25
Related Research
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PACRA suspends the Entity Ratings of Abhi (Pvt.) Limited
| Rating Type | Entity | |
|
Current (28-Jan-26 ) |
Previous (28-Jan-25 ) |
|
| Action | Suspended | Initial |
| Long Term | - | A- |
| Short Term | - | A2 |
| Outlook | Stable | |
| Rating Watch | - | - |
During the review process, the management informed PACRA that several strategic initiatives are under consideration. These initiatives are expected to result in material changes to the Company’s business profile, operational structure, and lines of business. Given the evolving nature of these deliberations, the management indicated that additional time is required to finalize and implement the proposed strategic changes, which are expected to be completed over the next three to four months.
In light of the ongoing strategic transition, management indicated that the requested information for the rating review is not available at this stage. Accordingly, the management formally requested PACRA to suspend the rating. Based on the above factors, PACRA has suspended the rating of Abhi (Pvt.) Limited.
The rating may be resumed upon receipt of complete information and once strategic clarity is achieved.
About
the Entity
Abhi (Pvt.) Limited is a fintech startup with an NBFC license incorporated under the Companies Act, 2017 on April 20, 2021. The Company is 99.99% owned by Abhi Fintech Limited, which in turn is 100% owned by Abhi Limited. Abhi Limited is primarily owned by the co-founders - Mr. Omair Ansari (13.58%) and Mr. Ali Ladhubhai (12.84%), while the remaining shares are owned by renowned VCs.